Expanded Flexibility:
Property & Structure Flexibility
Understanding how Non-QM expands opportunities beyond traditional property requirements.
Non-Warrantable Condominiums
Examples may include:
✓ Investor concentration
✓ Commercial space ratios
✓ Litigation concerns
✓ Project ownership concentration
Many Non-QM lenders offer solutions when traditional financing cannot.
Many condominium projects fail agency approval requirements.
Examples may include:
✓ Condotels
✓ Mixed-use properties
✓ Rural properties
✓ Unique investment properties
The acceptable property types vary by lender and program.
Some properties fall outside traditional guidelines.
Unique Property Types
Many investors prefer holding properties in business entities.
Certain Non-QM programs may allow:
✓ LLC ownership
✓ Entity vesting
✓ Investor structures
✓ Ownership flexibility
Understanding lender-specific requirements is critical.
LLC and Entity Ownership
Investor Growth Opportunities
As investors expand portfolios, flexibility becomes increasingly important.
Non-QM can often provide solutions for:
✓ Portfolio expansion
✓ DSCR qualification
✓ Entity ownership
✓ Non-traditional property types
The Big Picture
The most successful Non-QM originators understand that flexibility extends beyond income.
Borrowers may need flexibility.
Properties may need flexibility.
Ownership structures may need flexibility.
When you learn to identify those opportunities, the pool of potential clients expands dramatically.
Key Takeaways
✓ Non-QM extends beyond alternative income documentation
✓ Property flexibility creates additional opportunities
✓ LLC ownership can be a valuable investor tool
✓ Non-warrantable condos are often financeable
✓ Understanding lender overlays remains critical
Before Moving Forward
Now that we've explored qualification strategies and expanded flexibility, it's time to identify the issues that can derail otherwise workable transactions.
In the next module, we'll cover the most common Non-QM deal killers and how to identify them before they become problems.